Saturday, June 19, 2010

Your Mama Hears...

...through the Beverly Hills celebrity real estate grapevine that the reason entertainment mogul/real estate size queen Tyler Perry, who made much of his many millions working it on the silver screen as a sassy and saggy boobed old woman named Madea, wants to sell his über modern mansion at the tippy top of the bird streets above Sunset Strip is because he's building and even bigger house on a 22-acre spread in Beverly Hills.

Mister Perry purchased the 22-acre property behind the guarded gates of the swank and showy Beverly Ridge community in April of 2004 for an undisclosed amount of money. He began building his multi-winged dream mansion but soon after the foundation was poured, some steel framing erected, and the tennis court pad graded Mister Tyler caught a case of The Real Estate Fickle and hoisted the property and the unfinished mansion on the market with an asking price of $15,000,000. Listing information from the time stated that plans were for a boo-teek hotel sized 22,000 square foot Tuscan style home. Although the property was featured on the first season of Bravo'sMillion Dollar Listing it was not identified as belonging to Mister Tyler and in October of 2007 Your Mama heard through the gossip grapevine that Mister Tyler showed his big Bev Hills spread to Puff Diddle (or Diddy Diddle or Fiddle Puff or whatever his name is) but no deal was consummated.

At some point, around the middle of 2008 as best as we can surmise, Mister Perry caught another case of The Real Estate Fickle because the 22-acre property was taken off the market and construction resumed with the idea, we hear, that this will be Mister Perry's rarely used west coast crib. But Your Mama ain't holding our breath because if history is any predictor of the future we'd not be least bit surprised if mercurial Mister Perry changed his damn mind and decided to flip this beehawtcha back on the market and buy a new damn house in Malee-boo–where he did once own a ocean front getaway that he sold in the spring of 2007. Phew!

The relatively new and totally nouveauriche Beverly Ridge community is home to a number of other hoitytoity big name sorts including Alexis Carson–that would be Johnny's insanely rich widow, and former professional pigskinner turned interior decorator Keyshawn Johnson. It's also the same community where Paris Latsis, heir to a great Greek shipping, banking, and oil fortune, once bought a mansion for he and then fiancée Paris Hilton to live. However, like all of Miss Hilton's high profile romances with far less famous men, her short lived relationship with Boy Paris swirled down the terlit of love.

In early 2009, Atlanta-based Mister Perry heaved his Fairburn, GA home–all 17,252 square feet it–on the market with an asking price of $3,695,000 so that he could move to an even bigger, (approximately) 30,000 square foot monument to his wealth and success on 17 suburban Atlanta acres overlooking the Chatahootchie River. Mister Perry's Fairburn mansion no longer appears to be on the open market, but property records show it's still taking up space in his bulging real estate portfolio.

This guy must really think he's something special to be trying to turn a $3.5m+ profit on a house he bought at the TIPPY TOP of the bubble and has done no real changes other than restaining the living room floor, putting in new glass garage doors and decorating it with way too heavy of fabric curtains for such a modern house.

Everyone is trying to follow the pricing that that Ryan Brown designed house (1474 Blue Jay Way) set last year... and Ryan got LUCKY to unload it for $10m... 1525 BJW has been on the market for a bit now, with minimal price adjustment.

These two BJW houses are just insainly overpriced, even the Bird streets are hitting the slumps in this market. Come to reality please people.

The problem with Mr Perry's Blue Jay Way house is that the pool is jammed between the house an a hillside. You walk up the stairs to make entry right next to the pool. It's weird, been in the damn thing.

The house that sold for $14m on Nightingale had an amazing backyard yes a yard in the Bird Streets, with an amazing pool, spa, fireplaces / pits and outdoor theater. This place has no yard of any kind, a pool that greets guests trying to make entry to the house, and thats jammed between the house and a hillside with no view. Not the type of setting that cuts it in this new real estate world where buyers are picky beyond belief. Same thing is going on with Jeff Lewis's Valley Oak... no one wants to walk by the pool to get to the front door.